Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$453,600$453,600$683,999
Remaining term (yrs)28.428.430.0
Secondary amount$0$230,399$0
Funding fee$2,268$2,268$0
Note rate6.500%6.500%7.320%
Blended rate6.500%6.921%7.560%
1st payment$2,913.83$2,913.83$4,698.60
2nd payment$0.00$1,488.00$0.00
Taxes / mo$153.67$153.67$153.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,284.17$4,772.16$5,205.73
Cash to close$306,399$76,000$76,000